'Net Features : larry pagehttp://www.websitemagazine.com/content/blogs/posts/archive/tags/larry+page/default.aspxTags: larry pageenCommunityServer 2008 SP2 (Build: 31104.93)Google's Stock Plummetshttp://www.websitemagazine.com/content/blogs/posts/archive/2011/04/18/google-s-stock-plummets.aspxMon, 18 Apr 2011 15:48:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:16519Mike Phillips6http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=16519http://www.websitemagazine.com/content/blogs/posts/archive/2011/04/18/google-s-stock-plummets.aspx#comments<hr />
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<p>Is Google on the Ropes?<br /><br />Google&#39;s stock is in a tailspin. Since Friday, it&#39;s down about 10 percent, around $522 per share as of this writing. That&#39;s what happens when you miss projections, even though earnings are again on the rise. Earnings of $8.08 missed the mark by two cents and, <a href="http://www.adweek.com/news/technology/page-tanks-google-stock-130713">as reported by Adweek</a>, expenses went through the roof -- to the tune of 34 percent. What is Google paying through the nose for? In large part, employees. Out of fear.<br /><br />Apparently Google offered two employees a combined $150 million in stock grants to keep them from defecting to Twitter. It&#39;s not the first time -- Google previously offered another employee millions to not join Facebook&#39;s staff. Then, Larry Page did Google no favors by basically ignoring Wall Street&#39;s concerns and questions about the missed earnings and rising expenses.<br /><br />If it seems like Google has been grasping at straws lately ... it&#39;s because they are. What stands out most is the $6 billion hastily thrown at Groupon, which was famously rebuffed. But there&#39;s also Google&#39;s several failed attempts at &quot;going social&quot; and a recent flurry of algorithm updates. <br /><br />Of course, Google is not going anywhere, any time soon. But they do look unusually vulnerable.</p>
<div style="clear:both;"></div><img src="http://www.websitemagazine.com/content/aggbug.aspx?PostID=16519" width="1" height="1">googlelarry pagestockBreaking: Google CEO to Step Downhttp://www.websitemagazine.com/content/blogs/posts/archive/2011/01/20/breaking-google-ceo-to-step-down.aspxThu, 20 Jan 2011 21:35:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:15888Mike Phillips1http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=15888http://www.websitemagazine.com/content/blogs/posts/archive/2011/01/20/breaking-google-ceo-to-step-down.aspx#comments<hr />
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<p>CNN.com is reporting that Google CEO Eric Schmidt will step down in April, to be replaced by Google co-founder Larry Page. Schmidt will remain on staff, however, as and advisor.<br /><br />&quot;We&#39;ve been talking about how best to simplify our management structure and speed up decision making for a long time,&quot; Schmidt said in a prepared statement. &quot;By clarifying our individual roles we&#39;ll create clearer responsibility and accountability at the top of the company.&quot;<br /><br />On Thursday, Google reported a fourth-quarter profit of $2.5 billion, up 29 percent from one year ago.</p>
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